8-KExhibits & Filings

JPMORGAN CHASE & CO 8-K Report, Exhibit Filing (Jun 3, 2008)

Filed June 3, 2008For Securities:JPMJPM-PCJPM-PDJPM-PKJPM-PLJPM-PMJPM-PJAMJBVYLD

Summary

JPMorgan Chase & Co. filed an 8-K on June 2, 2008, primarily to disclose certain exhibits related to structured financial products. The filing incorporates by reference tax opinions from Davis Polk & Wardwell concerning three series of notes: Return Enhanced Notes Linked to the S&P 500® Index due June 22, 2009; Dual Directional Buffered Return Enhanced Notes Linked to the S&P 500® Index due June 22, 2009; and Return Notes Linked to the JPMorgan Core Commodity Investable Global Asset Rotator Conditional Long-Short Index due June 4, 2010. These exhibits indicate the issuance or offering of these specific note structures, which are tied to the performance of underlying indices (S&P 500® and a JPMorgan commodity index). Investors should note that this filing does not contain new financial statements or material business updates beyond the disclosure of these tax opinions for these particular debt instruments. The inclusion of tax opinions suggests that the company is providing clarity on the tax treatment of these structured products, which is a common practice for offerings of this nature.

Key Highlights

  • 1JPM filed an 8-K on June 2, 2008, reporting on events as of May 29, 2008.
  • 2The primary purpose of the filing is to provide exhibits related to structured financial products.
  • 3Includes tax opinions from Davis Polk & Wardwell for three distinct note offerings.
  • 4The notes are linked to the S&P 500® Index (two types) and a JPMorgan commodity index.
  • 5Maturity dates for the disclosed notes are June 22, 2009, and June 4, 2010.
  • 6This filing does not contain new financial statements or significant operational updates.

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose tax opinions from Davis Polk & Wardwell regarding three specific series of notes issued or offered by JPMorgan Chase & Co. These opinions are incorporated by reference into the company's S-3ASR registration statement.

The filing discloses tax opinions for two types of notes linked to the S&P 500® Index (Return Enhanced Notes and Dual Directional Buffered Return Enhanced Notes, both due in June 2009) and one type of note linked to the JPMorgan Core Commodity Investable Global Asset Rotator Conditional Long-Short Index (due in June 2010).

No, this filing is primarily focused on the disclosure of tax opinions for specific structured financial products and does not contain new financial statements or material business updates for JPMorgan Chase & Co.

The filing of tax opinions indicates that JPMorgan Chase & Co. is providing legal clarity on the tax implications for investors in these particular structured notes. This is a common disclosure for financial instruments where tax treatment can be complex.